The seasonally adjusted unemployment rate in Germany was at pre-pandemic levels of 5% for a third consecutive month in May of 2022, matching market forecasts. The number of unemployed people fell by 4,000 to 2.285 million and demand for new personnel increased, with 865,000 jobs registered in May in non-seasonally adjusted terms. "Employment continues to grow and the demand for new workers continues to move at a very high level," said the head of the labour office, Detlef Scheele. source: Bundesagentur für Arbeit
Unemployment Rate in Germany averaged 6.03 percent from 1950 until 2022, reaching an all time high of 12.10 percent in March of 2005 and a record low of 0.40 percent in March of 1966. This page provides the latest reported value for - Germany Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Germany Unemployment Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2022.
Unemployment Rate in Germany is expected to be 4.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Germany Unemployment Rate is projected to trend around 4.90 percent in 2023 and 4.70 percent in 2024, according to our econometric models.